UAE: Sharjah National Oil Corporation, Eni to explore oil in Ras Al Khaimah

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Sharjah National Oil Corporation (SNOC) has completed a deal to acquire from Eni a 30% participating interest in Block 7 in Ras Al Khaimah, which extends over an area of 430 square kilometres and sees significant activity in oil and gas exploration with the ongoing drilling of an exploratory well called Fennec-01.

The agreement with Eni aims to enhance continued cooperation between the emirates of Sharjah and Ras Al Khaimah. It is expected to see exceptional results in drilling and further progress in the near future. Further noted that the agreement solidifies the bond between Sharjah and Ras Al Khaimah.

The partnership underscored a shared vision for harnessing Ras Al Khaimah’s natural gas resources.The collaborative efforts to build stronger links between the emirates, generate additional opportunities, and ensure energy security for communities.

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